CEO and Executives of US-listed AI Logistics Company Simultaneously Sell Hundreds of Millions in Shares

Samsara Inc. (NYSE: IOT) CEO Sanjit Bis sold approximately 290,000 shares of Class A common stock on the open market between April 28 and 30 under a pre‐arranged Rule 10b5-1 plan established through a family trust, realizing about $8.7 million in proceeds—roughly KRW 110 billion. During the same period, Chief Technology Officer John Bicket also monetized around 200,000 shares via a trust in his own and his family’s name, netting about $5.9 million, or roughly KRW 80 billion. Company filings note that both executives continue to hold several hundred thousand shares.

In its March 5 announcement of fourth-quarter and full-year fiscal 2026 results, Samsara reported annual recurring revenue of $1.9 billion—up 30% year-over-year—underscoring its high-growth trajectory. Since then, brokerages including Truist have maintained a price target of around $30. On April 21, the company also accelerated the expansion of its vehicle and logistics offerings by unveiling a “Smart Compliance” solution for transportation fleets.

Founded in 2015 by Sanjit Bis and John Bicket, Samsara is an IoT-based “connected operations” platform provider headquartered in San Francisco. The company delivers software that captures and analyzes data from vehicles, equipment and field operations across transportation and logistics, construction, manufacturing and the public sector. Samsara went public on the New York Stock Exchange in 2021 under the ticker IOT, and its core mission is to support the digital transformation and cost reduction efforts of businesses operating physical assets.